SEABOARD DEVELOPMENT CORPORATION v. BAINUM

No. 1915.

129 A.2d 703 (1957)

SEABOARD DEVELOPMENT CORPORATION, Appellant, v. Stewart BAINUM, Appellee.

Municipal Court of Appeals for the District of Columbia.

Decided March 4, 1957.


Attorney(s) appearing for the Case

Isadore Brill, Washington, D. C., with whom Irving B. Yochelson and Solomon Grossberg, Washington, D. C., were on the brief, for appellant.

Albert Z. Hodge, Washington, D. C., for appellee.

Before ROVER, Chief Judge, and HOOD and QUINN, Associate Judges.


QUINN, Associate Judge.

Appellant corporation, plaintiff below, was formed in 1952 for the purpose of constructing and operating a seaside motel. Defendant, who was vice president and held stock in the corporation, performed the actual construction through a company owned by him. As an officer, defendant had authority to draw checks against the account of the corporation, and it was the practice for him to pay the costs of construction as they occurred by drawing...

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